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REGISTERED NUMBER: 05382102 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

J Shipley & Co Heating Limited

J Shipley & Co Heating Limited (Registered number: 05382102)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J Shipley & Co Heating Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: N Surtees
S Surtees
K Kinghorn





SECRETARY:





REGISTERED OFFICE: 59 Dean Road
South Shields
Tyne and Wear
NE33 4AS





REGISTERED NUMBER: 05382102 (England and Wales)





ACCOUNTANTS: Grosvenor Business and Accountancy Services Ltd
Unit 214
South Shields Business Works
Henry Robson Way
South Shields
Tyne and Wear
NE33 1RF

J Shipley & Co Heating Limited (Registered number: 05382102)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,169 54,200

CURRENT ASSETS
Stocks 500 500
Debtors 5 385,321 337,422
Cash at bank and in hand 81,565 70,690
467,386 408,612
CREDITORS
Amounts falling due within one year 6 284,563 217,593
NET CURRENT ASSETS 182,823 191,019
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,992

245,219

CREDITORS
Amounts falling due after more than one
year

7

45,806

62,195
NET ASSETS 178,186 183,024

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 178,036 182,874
178,186 183,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

J Shipley & Co Heating Limited (Registered number: 05382102)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by:





S Surtees - Director


J Shipley & Co Heating Limited (Registered number: 05382102)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

J Shipley & Co Heating Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 19 ) .

J Shipley & Co Heating Limited (Registered number: 05382102)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 137,896
DEPRECIATION
At 1 June 2022 83,696
Charge for year 13,031
At 31 May 2023 96,727
NET BOOK VALUE
At 31 May 2023 41,169
At 31 May 2022 54,200

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 384,673 336,981
Other debtors 648 441
385,321 337,422

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts - 426
Hire purchase contracts 14,670 17,310
Trade creditors 154,789 108,457
Taxation and social security 78,615 62,661
Other creditors 36,489 28,739
284,563 217,593

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 27,978 38,864
Hire purchase contracts 17,828 23,331
45,806 62,195